A new university business school facility has been opened by a former Unilever CEO.

Paul Polman, a global business leader and environmentalist, officially opened Durham University Business School's new Waterside building.

A new university business school facility has been opened by a former Unilever CEO.

Paul Polman, a global business leader and environmentalist, officially opened Durham University Business School’s new Waterside building.

At the opening, Mr Polman addressed the audience of business leaders, academics, and policy leaders, highlighting the 'extraordinary disruption' the world is facing and the need for a shift in leadership mindset.

He said: "I would argue we are short of the right leaders we need to succeed – and that’s where you come in.

"It’s in the rough seas where you learn leadership.

"Here at Durham, you already punch above your weight.

"With the opening of this wonderful Waterside building, you are setting yourselves up very well for success."

Mr Polman, who was previously the chief executive of Unilever, called for business leaders to adopt a 'net positive' mindset, asking not 'how can I do less harm?' but 'how can I do more good?'

Inside the new Waterside building in Durham City centre (Image: Supplied) The Waterside building, which has achieved a Gold SKA rating for sustainability, is located in the heart of Durham city, close to the railway station and city centre.

The new facility complements the existing Mill Hill Lane facility and includes lecture theatres, a financial trading lab with Bloomberg terminals, executive facilities, offices, study spaces, and a Riverfront Bistro.

Durham University Business School, established in 1965, is among the top one per cent of business schools worldwide with triple accreditation from AACSB, AMBA, and Equis.

It delivers research and education in finance, leadership, and sustainability, and has nearly 400 business partnerships.

The opening event was attended by leaders from business, politics, academia, and civic society.

Mr Polman gave the keynote address, with contributions from Professor O’Brien, and Professors Cathy Cassell and Kieran Fernandes, the outgoing and incoming executive deans of Durham University Business School, respectively.